Japan GDP Data Due On Monday
(RTTNews) - Japan will release Q3 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. In the second quarter, GDP was down 0.4 percent on quarter and 1.8 percent on year.
Japan also will see October numbers for current account and November data for bank lending and the eco watchers index. In September, the current account surplus was Y4.483 trillion. In October, overall bank lending was up 4.1 percent on year and the eco watchers index had a score of 49.1.
China will release November numbers for imports, exports and trade balance. In October, imports were up 1.0 percent and exports slipped an annual 1.1 percent for a trade surplus of $90.07 billion.
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China Data Due On Tuesday
China is scheduled to release a batch of data on Tuesday, highlighting a modest day for Asia-Pacific economic activity. On tap are August figures for industrial production, retail sales, fixed asset investment, unemployment and house prices.
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39 minutes ago
U.S. Dollar Advances Amid Fed Rate Hike Expectations, Fresh Crude Oil Supply Concerns
The U.S. Dollar value edged higher on Monday as investors anticipate a possible rate hike by the U.S. Federal Reserve at the end of its two-day meeting which commences tomorrow. In addition, fresh concerns of supply disruptions in the Middle East that pushed crude oil prices higher, supported the U.S. dollar.
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1h 43min ago
Swiss Market Ends On Firm Note
The Switzerland market ended on a strong note on Monday after holding firm right through the day's session thanks to sustained buying at several counters.
Despite lingering concerns about geopolitical tensions and elevated oil prices, the mood in the Swiss market remained quite positive.
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4h 24min ago
European Stocks Close Weak; UK Market Bucks Trend
European stocks closed weak on Monday amid concerns about rising oil prices and geopolitical tensions.
A sell-off in the tech sector following warnings of a potentially large-scale AI-driven cyberattacks hurt the markets.
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4h 39min ago
Canadian Market Edges Higher On Energy Boost
Canadian market's benchmark S&P/TSX Composite Index was modestly higher a little before noon on Monday with investors digesting the nation's inflation data and assessing the potential economic impact of elevated oil prices.
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6h 55min ago
Bay Street Likely To Open Weak; Inflation Data In Focus
Canadian stocks look headed for a weak start on Monday as selling is likely in the materials and technology sectors due to weak precious metals prices and warning of potentially large-scale AI-driven cyberattacks, respectively.
Energy stocks may find support as oil prices are up sharply on supply concerns.
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10h 20min ago
Asian Markets Weighed By AI Worries, Crude Oil Price Spike
Renewed worries about the development of Artificial Intelligence and the call by AI leaders to slowdown the pace of AI development dampened sentiment across Asian markets. The spike in crude oil prices as well as worries about inflation also weighed on market sentiment ahead of interest rate decisions by the Federal Reserve and Bank of Japan.
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10h 53min ago
FTSE Climbs Higher On Pharma, Energy Strength
London's benchmark index advanced 69.78 points to 10,720.22 on Monday, boosted by buying in pharmaceuticals, energy, and heavyweight counters. Sage Group climbed over 6%, while losses in mining and financial sectors limited the market's upside potential.
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11h 5min ago
